"Today, corporate landlords and private equity investors are acquiring single-family rental properties across the nation. These landlords have especially high market shares in the US South, in cities such as Charlotte, NC (18 percent); Jacksonville, FL (21 percent); and Atlanta, GA, where real estate investment trusts (or REITs), institutional investors, and private equity landlords own an estimated 72,000 homes -or 25 percent of single-family rental homes."
"While institutional investors own just over half a million of the 15 million single-family rental homes, this share is growing, representing 29 percent of all single-family home purchases in 2023 and 30 percent in 2024. In multifamily buildings, institutional investors own a far larger estimated 62 percent of homes. The Impacts of Rising Investor Ownership If the investors acquiring residential properties were good landlords, this might be a positive trend. Instead, their extremely aggressive eviction tactics and poor maintenance erode family health and wellbeing."
In recent years, corporate landlords, REITs, institutional investors, and private equity firms have rapidly acquired single-family and multifamily homes nationwide, concentrating heavily in Southern cities like Charlotte, Jacksonville, and Atlanta. Institutional investors owned just over half a million of 15 million single-family rentals and accounted for 29 percent of single-family purchases in 2023 and 30 percent in 2024, while owning an estimated 62 percent of multifamily homes. Investor practices include aggressive rent hikes, monopolistic collusion via digital platforms, and aggressive evictions, which drive displacement, erode family health and wellbeing, reduce Black homeownership, and widen the racial wealth gap.
Read at Nonprofit Quarterly | Civic News. Empowering Nonprofits. Advancing Justice.
Unable to calculate read time
Collection
[
|
...
]